Chinese HC ferrochrome prices flat
2023-04-14 08:09:10 [Print]
BEIJING (Asian Metal) 14 Apr 23 – Most suppliers keep their prices unchanged from mid this week due to the quiet market. Currently, the mainstream prices for Chinese HC ferrochrome Cr52%min C8%max stand at RMB8,500-8,700/t (USD1,235-1,264/t) EXW D/P, unchanged from mid this week. Insiders predict the mainstream prices would decrease in the coming week due to the weak demand and the pessimistic attitudes.
A trader from North China mentioned that they offer RMB9,000/t (USD1,308/t) EXW D/P for HC ferrochrome Cr52%min C8%max with no concession at present, unchanged from mis this week. They just sold around 5t at RMB9,000/t (USD1,308/t) early this week. "We consider the market shows weak demand in April as we predict to sell around 30t in April, down by around 30t from last month", adding the trader. They hold pessimistic attitudes towards the market outlook and only purchase around 10t each time to replenish stock, but they usually purchased around 30t each time previously. They predict the mainstream prices would move down in the following week.
The trader, based on a regular monthly trading volume of around 60t of HC ferrochrome Cr52%min C8%max, predicts to sell around 30t in April, down by around 30t from last month. They have no stock at present.
A consumer from South China disclosed, "We received the quotation at RMB9,100/t (USD1,323/t) delivered D/P for HC ferrochrome Cr58%min C8%max Si1%max with the counteroffer of RMB100/t (USD14.52/t) at present, in line with early this week". They purchased around 10t at RMB9,000/t (USD1,308/t) delivered D/P with the delivery freight of RMB100/t (USD14.52/t). They hold pessimistic attitudes and predict the mainstream prices would decrease in the coming week.
The consumer, with an annual consumption capacity of 360t of HC ferrochrome Cr58%min C8%max Si1%max, predicts to consume around 30t in April, unchanged from last month. They hold around 10t of inventory at the moment.
A trader from North China mentioned that they offer RMB9,000/t (USD1,308/t) EXW D/P for HC ferrochrome Cr52%min C8%max with no concession at present, unchanged from mis this week. They just sold around 5t at RMB9,000/t (USD1,308/t) early this week. "We consider the market shows weak demand in April as we predict to sell around 30t in April, down by around 30t from last month", adding the trader. They hold pessimistic attitudes towards the market outlook and only purchase around 10t each time to replenish stock, but they usually purchased around 30t each time previously. They predict the mainstream prices would move down in the following week.
The trader, based on a regular monthly trading volume of around 60t of HC ferrochrome Cr52%min C8%max, predicts to sell around 30t in April, down by around 30t from last month. They have no stock at present.
A consumer from South China disclosed, "We received the quotation at RMB9,100/t (USD1,323/t) delivered D/P for HC ferrochrome Cr58%min C8%max Si1%max with the counteroffer of RMB100/t (USD14.52/t) at present, in line with early this week". They purchased around 10t at RMB9,000/t (USD1,308/t) delivered D/P with the delivery freight of RMB100/t (USD14.52/t). They hold pessimistic attitudes and predict the mainstream prices would decrease in the coming week.
The consumer, with an annual consumption capacity of 360t of HC ferrochrome Cr58%min C8%max Si1%max, predicts to consume around 30t in April, unchanged from last month. They hold around 10t of inventory at the moment.
